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Money Watch

Banks’ profit declarations in 2012 and the 2013 consolidation agenda

Sanusi-2Post-consolidation was heralded with optimism as banks posted huge profits years after. But the trouble started when, irrespective of the profits churned out, the banks could not hold their own. The present banking reform has kicked off with...

Fiscal cliff deal: Averting the new global tremor

THE global economic meltdown, when it started in 2008, right in the heart of United States of America, was thought by many as a unique phenomenon of the country, by the country and for the country.

As weeks pass by, the world, through investments...

Nigeria’s financial system in 2012: Motion without movement?

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sanusi-okonjoJUST like the development stages of a baby from conception to adulthood, Nigeria’s financial system has evolved many steps in its quests to develop. But, in the development processes, sometimes genetic causes, lack of care for the baby, lack of...

Path to reviving Nigeria’s economy, by stockbrokers’ forum

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OTEHThat the nation’s economy is ailing is saying the obvious. But the believers in the Nigeria project are now in greater consultations to find the needed tonic to reverse the trend. CIS is one of them.  CHIJIOKE NELSON captures their...

IMF adopts institutional view on capital flows

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LAGARDETHE International Monetary Fund (IMF) has developed a comprehensive, flexible, and balanced view on the management of global capital flows to help give countries clear and consistent policy advice.

Global capital flows have increased dramatically...